Big in Asia; unknown at home

Steven Goh conquered the Asian social media commerce market, but he is yet to achieve his goals in Australia.

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Singapore: Digital media startup Migme raising $10m in venture funding

Singapore-based and ASX-listed digital media company Migme is raising $10 million in funding, including $2 million injected by its strategic shareholder Meitu Investment Limited and $8 million from other investors. It said other “sophisticated and institutional” investors have expressed their interest in capital raising, and added that it had therefore decided to extend the offer to […]

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migme expands ecommerce platform with launch of migshop

Global digital media company migme today announced the expansion of its ecommerce offering with the launch of the migshop store (www.migshop.me), an important step in building the company’s social ecommerce platform.
Social ecommerce combines online shopping with the power of social networking and recommendations. It is a highly successful and common business model in the Asian region […]

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Australia’s migme is adding fantasy sports CricBattle just in time for the IPL season

The ASX-listed digital media company migme has closed a strategic partnership with CricBattle to launch fantasy sports ahead of the 2016 Indian Premier League cricket season.
A short time ago, migme shares were up 8.5% to $0.76.
CricBattle is the only draft-based fantasy sport for cricket around the globe.
Under the partnership, CricBattle will pay migme a share […]

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Singapore digital media firm migme raises $5m from photo editing app partner Meitu

ASX-listed, Singapore-based digital media company migme has raised AU$6.99 million ($5 million) from strategic partner Meitu Investment Ltd, a leading video and photo editing app.
As part of its memorandum of understanding with new strategic partner Meitu, migme has placed 11,650,000 of its shares with the photo-app firm at AU$0.60 apiece raising AU$6,990,000.
The MoU will explore joint marketing […]

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migme benefits from Meitu investment

Shares in social media entertainment provider migme have soared by more than a third after Chinese mobile app developer Meitu invested almost $7 million in the company.
Singapore-based migme started trading on the Australian share market through a back-door listing in August 2014.
migme’s social entertainment services are delivered through mobile apps migme and LoveByte, artist management […]

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Migme grows its 2015 revenue fivefold and MAUs to 32m

ASX-listed digital media company Migme has released its latest numbers showing impressive growth.
The company, headquartered in Singapore, says it raised its revenue by 525 percent to US$8.7 million in 2015 from the year before, helping trim its net loss by 27 percent to US$14.9 million.
It also grew its monthly active users to 32 million, a […]

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migme partners with Paytm (India), Mimopay (Indonesia) and eSewa (Nepal), to expand payment reach

Global digital media company migme Limited (“migme” or the “Company”) is pleased to announce partnerships with Paytm Communications Limited (“Paytm”) in India, PT. Progressivemedia Indonesia (“Mimopay”) in Indonesia and eSewa Fonepay Pvt. Ltd (“eSewa”) in Nepal to expand its payment reach in these key markets.

Payment partners are an important component of migme’s monetisation strategy. In […]

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migme raises fresh capital, acquires Indonesia’s Hipwee and Shopdeca

Since listing on the ASX in 2014, social entertainment platform Migme has been on an acquisition spree. It earlier bought LoveByte, a chat app for couples, and invested in games developer MatchMe. It also snapped up AlivenotDead, an online community for celebrities to connect with fans, and ecommerce platform Sold. Today, it announced two more […]

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Keeping it real amid tech boom

migme Investor Day. migme CEO Steven Goh (sitting)
Original dotcom entrepreneur Steven Goh says the latest tech boom will power on, provided investors look for “real” companies and substance.
Speaking after Perth’s recent backdoor listing boom — and the Federal Government’s sudden appreciation of the sector — Mr Goh said it was great to see tech back […]

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